Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against KuCoin+0.085%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2642.638% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.632%+$63 · spread now +0.085%, 7d avg +0.039%

Together, before fees+0.630%+$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01175	0.0100	pay 0.0050% / 4h	3h 15m	$968K	$1.4M	50x
Short	ApeX Omni ZKUSDT	0.01176	0.0100	get 0.0013% / 1h	15m 00s	$8K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.039%: $4.6
Slippage, 4 orders: −$241.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$259.24
Costs to cover: 2.638%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	8.51 bp	109.8 bp −$110	240.3 bp −$2,403	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	16.85 bp	29.2 bp −$29	doesn't fit	doesn't fit	doesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZK-USDT-SWAP	−0.0027%	4h	0.01175	0.000%	$999K	$2.2M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.426%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01177	+0.170%	$127K	$189K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01177	+0.153%	$588K	$188K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01177	+0.161%	$32K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01176	+0.051%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01176	+0.077%	$4.9M	$8.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01175	+0.043%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01175	0.000%	$302K	$260K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01175	long leg	$968K	$1.4M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.085%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	+0.043%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01173	−0.128%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01175	+0.002%	$159K	$2.3M	10x	as long as short
ApeX Omni ZKUSDTshort	+0.0100%	1h	0.01176	+0.085%	$8K	$620K	50x
BloFin ZK-USDT	+0.0126%	4h	0.01176	+0.051%	$216K	$21K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1333%	1h	0.01179	+0.354%	$194K	$38K	25x	as long as short